Forex Daily Forecast, Analysis and Prediction

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of December 28, 2020.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 28, 2020 here.

Start the week of December 28, 2020 with our Forex forecast focusing on major currency pairs here.

With the near closure of markets for the holidays, the price of gold is expected to move in a limited range with an upward tendency.

With the holiday season approaching, investor risk appetite is growing, and thus the dollar's price is declining.

For the second day in a row, the GBP/USD is moving in an upward momentum which pushed it towards the 1.3562 resistance.

Since the beginning of this week's trading, the USD/JPY bullish rebound attempts have been weak.

The Dow Jones 30 has produced choppy trading the past couple of weeks as investor sentiment continues to get tested.

The DAX Index appears ready to go into the Christmas holiday with cheer and renewed optimism.

The USD/CAD has been within the midst of a long-term bearish trend.

After months of heated negotiations, the United Kingdom and European Union are on the verge of reaching a Brexit deal.

The US dollar has been under intense pressure over the past two days as market risks ease.

As of this writing, the USD/INR is near important short-term support and traders need to remain alert.

The GBP/USD pair rose after covering the price gap that occurred at the beginning of last week, but is expected to rebound.

The Bitcoin markets fluctuated during the trading session on Wednesday as we continued to see the $24,000 level offer resistance.